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Published on 12/10/2008 in the Prospect News Distressed Debt Daily.

Neumann Homes DIP loan hearing pushed back again; now set for Jan. 21

By Jennifer Lanning Drey

Portland, Ore., Dec. 10 - Neumann Homes, Inc.'s hearing for approval of its $2.5 million debtor-in-possession financing was continued to Jan. 21, according to a Wednesday filing with the U.S. Bankruptcy Court for the Northern District of Illinois.

The hearing has been pushed back multiple times and was most recently scheduled for Dec. 10.

Neumann Homes, a Warrenville, Ill.-based homebuilder, filed for bankruptcy on Nov. 1, 2007. Its Chapter 11 case number is 07-20412.


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